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GOP says feds using 'junk science' to attack auto dealers
2015-11-25 02:31:50| Auto Dealers - Topix.net
House Republicans released a report Tuesday accusing the Consumer Financial Protection Bureau of using "junk science" to show that auto dealers are discriminating against blacks in their lending practices. The 54-page report , entitled "Unsafe at Any Bureaucracy: CFPB Junk Science and Indirect Auto Lending," condemns the Bureau's use of a disparate impact equation to find that auto lenders are charging higher interest rates to minority loan applicants, even though the agency in the end made educated guesses about the race of loan applicants.
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Category:Automotive